Guide on the Requirements for PNB Housing Loan (OFW Applicants)
REQUIREMENTS FOR PNB HOUSING LOAN – Here is a list of the documents needed in applying for the home loan offer of Philippine National Bank (PNB).
The Philippine National Bank (PNB) is one of the banks in the country that opens its housing loan offer for Filipinos who are working abroad. You can check on the documents set by the state-run banking firm for OFWs who wish to apply for its housing loan offer.
PNB Housing Loan
The Philippine National Bank (PNB) has a housing loan offer that is open for several purposes. You may apply for the loan for the financing of the purchase of a vacant lot, a condominium unit, a house and lot, or a townhouse; house construction; home renovation; or refinancing of an existing home loan.
Who are qualified to apply for the PNB Housing Loan offer?
To be eligible to apply for the loan, the borrower-applicant must be:
- a Filipino citizen
- at least 21 years old upon the loan application
- not more than 65 years old upon the loan maturity
- employed or self-employed
Requirements for PNB Housing Loan for OFW Borrowers
If you are an OFW, prepare the following documents for submission to the bank:
- duly-accomplished and signed PNB Housing Loan Application Form
- one (1) valid ID of borrower, spouse, co-borrower, co-borrower, signatories (the ID mujst bear a photo and clear copy)
- any one (1) of the following documents:
- latest Contract of Employment
- latest three (3) months payslip
- latest Certificate of Employment with compensation
Loanable Amounts
While the exact amount that you may borrow depends on the approval of the bank. Meanwhile, the bank has provided the range of loanable amounts. To check on the amounts that you may borrow, feel free to visit – PNB Housing Loan: Minimum & Maximum Loanable Amounts under the Offer.
How to Apply
To apply for this PNB loan offer, go to a branch of the bank where you want to apply for the loan and submit your requirements for PNB Housing Loan. The loan processing and evaluation may take a few working days. Wait for an update from the bank.
You may also visit – PNB LOAN: Full List of PNB Loans You May Apply For
